Friday Morning Coffee with TradingMarkets

Good Morning!

Lehman Cuts Jobs for the Fourth Time in 08 ... Economy Grows Faster Than Expected in Q2 ... Boeing Offers Wage Increase to Prevent Machinist Strike ... Dell Misses Estimates, Tiffany's Beats ... Toyota Lowers Sales Goals for 09 ...

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TradingMarkets 7 Stocks You Need to Know for Today

Here are 7 stocks for traders for today from TradingMarkets.com:

• Among the biggest gainers of the Dow industrials, shares of American Express (AXP | Quote | Chart | News | PowerRating) were up more than 4% and increasingly overbought with a 2-period RSI of more than 90 as the stock continues to trade below the 200-day moving average.
  
  
• The biggest advance in the S&P 500 was to be found in the shares of MBIA, Inc. (MBI | Quote | Chart | News | PowerRating), which were up by more than 34% as the stock closed above its 200-day moving average for the first time since mid-October 2007.
  
  
• Shares of Las Vegas Sands (LVS | Quote | Chart | News | PowerRating) were up more than 7% on Thursday on news that the gambling resort is looking to build a $12 billion casino project similar to the one it built in Macau. LVS has a 2-period RSI of more than 90 and remains several points below its 200-day moving average.
  
  
• A day after plunging more than 24%, shares of Amyln Pharmaceuticals (AMLN | Quote | Chart | News | PowerRating) were up by more than 6% on Thursday. A Merrill Lynch analyst upgraded the shares from "neutral" to "buy."
  
  
• Dell (DELL | Quote | Chart | News | PowerRating) sold off sharply in afterhours trading on Thursday on their announcement that earnings had fallen short of analyst EPS expectations by five cents.
  
  
• Boeing (BA | Quote | Chart | News | PowerRating) on Thursday made what it considers its "final offer" to workers represented by the International Association of Machinists and Aerospace Workers. The workers are expected to vote on the offer on Wednesday.
  
  
• Shares of Tiffany's (TIF | Quote | Chart | News | PowerRating) gained more than 10% on Thursday after surprising analysts with a forecast and earnings that were better than expected.
  

For a list of today's highest PowerRating stocks, click here.

TradingMarkets 5 PowerRatings Stocks for Today

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